An article published by Buyouts on Nov. 15 examines the growing trend of general partners shifting broken-deal-fee burdens onto co-investors, and the resistance they have started to encounter in doing so. In the article, private investment funds partner Amanda Persaud (New York) notes that “How to allocate broken-deal expenses [has] gained importance since the issue appears to be “top of mind” for the SEC.” And further that “The move toward spreading the broken-deal fee among co-investors is part of an overall reassessment by many GPs about how they treat fees and expenses.”
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